Job Summary:

Valuation Control Group Commodities team is looking for a Vice President to be based in Houston. In this role, you will work with a wide array of Energy products traded out of the Houston location. Your primary coverage will include Natural Gas, Power, and Environmental Products.

The Valuation Control Group (VCG) is an independent group within Finance whose primary responsibility is to ensure that the firm's risk portfolios are fairly valued. The group sets independent pricing and valuation adjustments policies, executes & generates results, and then works with Trading to remediate and prevent issues on an ongoing basis. Valuation Control Group also works to identify and control potential valuation risk concentrations, uncertainty in pricing inputs, and valuation model uncertainty.

The group is organized along business lines such as the Investment Bank and Consumer & Community Bank and works closely with Traders, Chief Financial Officer, Market Risk, Product Control, Model Governance and Quantitative Research to ensure a complete understanding of business issues and the accurate execution of valuation policy. The group plays a critical role within the Firm and has exposure to senior management, Business heads, Regulators, and both internal and external audit.

Valuation Control Group covers a broad range of products across the entire liquidity spectrum. The group has presence in New York, London, Hong Kong, Buenos Aires, Bengaluru and Mumbai and comprises detail-oriented colleagues from a variety of backgrounds and disciplines, with a high quantitative aptitude and strong ability to apply sound judgement. With core valuation processes largely delivered through dedicated technology and quantitative research resources, the team focusses on insightful analysis leveraging multiple market data sources through advanced analytics platforms. JPMorgan is an equal opportunity employer and places high value on diversity and inclusion. We recognize that our people are our strength and diversity of thought and practices makes us more successful.

Job Responsibilities:

• Establish Valuation Control Group footprint in Houston Office, building strong relationships with all functions which operate at this location. Including Front Office, Market Risk, QR, technology and operations.
• Responsible for all aspects of the valuation control framework for the North America Power, Gas and Environmental desk, including independent price verification, valuation and prudent valuation adjustments, valuation adjustments stress and fair value measurement.
• Review complex transactions associated with the Global Gas business, challenging the trading business to ensure appropriate constraints/controls in place.
• Identify emerging valuation risks and guide methodology enhancements to ensure valuation controls accurately capture market dynamics and opportunities to enhance control efficiency
• Partner with Quantitative Research and Model Review Groups to assess limitations in trading models and implement compensating controls and model limitation adjustments.
• Own the relationship with Front Office and key Finance, Technology and Risk partners providing value add analysis on month-end results, illiquid and concentrated valuation positions, revenue from new deals and complex transactions and new products
• Partner and participate in projects within the group and the wider Finance organization together with Front Office, QR and Technology and participate in regulatory exams and address bank's regulators inquiries

Required Qualifications, Skills and Capabilities:

The role requires good understanding and keen interest in financial markets, combined with strong analytical abilities and willingness to contribute as part of a high performing team. A successful candidate would have many of the following attributes:

• Minimum of 5 years' experience in financial industry or relevant experience. Commodities markets and products experience is mandatory.
• Must have quantitative aptitude and keen interest in financial markets and products. Understanding of or training in financial products or derivatives pricing preferred
• Keen interest in developing and coaching a diverse team a must
• Critical thinker with sound judgement and ability to challenge constructively
• Curious personality; inclusive; detail oriented; Always looking to improve.
• Strong communication skills and ability to synthesize complex subjects; Good at multi-tasking and prioritization
• Basic Microsoft Office & strong Excel skills are required; Knowledge of data science (e.g. Machine learning), analytics platform (e.g. Alteryx) and data visualization tool (e.g. Tableau) will be advantageous

#LI-Hybrid

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Equal Opportunity Employer/Disability/Veterans

Base Pay/Salary
New York,NY $118,800.00 - $175,000.00 / year